Actual
602.83
Daily Change
4.33 0.72%
Monthly
-14.40%
Yearly
12.57%
Q4 Forecast
612.87
Wheat - Summary

Wheat rose to $6.04 per bushel, recovering modestly from a 16-week low of $5.99 on October 28, after reports that China inquired about purchasing US soft red winter wheat for delivery next year. The inquiry by state-owned trader Cofco suggests recent US-China trade discussions and potential tariff reductions could lead to broader agricultural purchases. Beijing pledged to increase purchases of US farm goods, but progress beyond soybeans has been slow, with no US wheat or corn sales recorded so far this marketing year. Wheat prices have been steadily falling since hitting a 3-1/2-year high of $7.67 on August 28, with global production expected to reach its second-highest level on record and larger harvests in Australia and Argentina adding to availability. Hopes for renewed Russia-Ukraine peace talks have also weighed on prices by raising expectations of improved Black Sea grain trade, although ongoing attacks continue to pose supply risks.

Wheat - Stats

Wheat rose to 599.56 USd/Bu on November 5, 2026, up 0.18% from the previous day. Over the past month, Wheat's price has fallen 14.87%, but it is still 11.96% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Wheat reached an all time high of 1350 in March of 2022. Wheat - data, forecasts, historical chart - was last updated on November 5 of 2026.

Wheat - Forecast

Wheat rose to 599.56 USd/Bu on November 5, 2026, up 0.18% from the previous day. Over the past month, Wheat's price has fallen 14.87%, but it is still 11.96% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Wheat is expected to trade at 612.87 USd/BU by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 660.71 in 12 months time.



Price Day Month Year Date
Soybeans 1,198.10 4.85 0.41% -8.05% 9.74% Nov/05
Wheat 602.83 4.33 0.72% -14.40% 12.57% Nov/05
Lumber 522.00 -3.50 -0.67% -0.29% -2.79% Nov/04
Cheese 1.59 -0.0100 -0.63% 9.28% -8.83% Nov/05
Palm Oil 4,496.00 -55.00 -1.21% -1.79% 9.42% Nov/04
Milk 17.79 2.60 17.12% 18.21% 4.10% Nov/04
Cocoa 5,427.00 13.00 0.24% -7.50% -15.15% Nov/04
Cotton 78.15 1.110 1.44% -3.35% 19.81% Nov/04
Rubber 245.20 -3.20 -1.29% -4.89% 45.78% Nov/04
Orange Juice 137.40 -4.65 -3.27% -4.81% -27.17% Nov/04
Coffee 279.50 -4.45 -1.57% -4.46% -32.42% Nov/04
Oat 336.78 0.5298 0.16% -21.82% 14.36% Nov/05
Wool 1,723.00 0 0% -5.28% 21.94% Nov/04
Rice 17.65 -0.0200 -0.11% 8.74% 77.52% Nov/05
Canola 768.80 -13.00 -1.66% -6.18% 22.64% Nov/04
Sugar 18.47 0.14 0.76% -10.90% 30.90% Nov/04
Corn 446.78 2.5348 0.57% -10.15% 2.65% Nov/05



Related Last Previous Unit Reference
United States Corn Stocks 2.10 5.29 Billion Bushels Sep 2026
United States Soybean Stocks 0.32 1.06 Billion Bushels Sep 2026
United States Wheat Stocks 1.85 0.92 Billion Bushels Sep 2026

Wheat
Wheat is one of the most important staple crops globally, serving as a key source of food for human consumption and animal feed. Its prices are closely monitored due to their impact on food security, inflation, and global trade flows. Wheat futures are traded on major exchanges, including the Chicago Board of Trade (CBOT), Euronext, Kansas City Board of Trade (KCBT), and the Minneapolis Grain Exchange (MGEX). Standard contracts typically represent 5,000 bushels. On the supply side, China, India, Russia, the United States, France, Australia, and Canada are among the largest producers globally. Russia is the leading exporter, followed by the United States, Canada, France, Ukraine, Australia, and Argentina. Prior to the Russian invasion of Ukraine, Russia and Ukraine together accounted for a significant share of global wheat exports. Wheat prices displayed on Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments and are intended to provide a general market reference only. These prices do not represent official benchmark prices. The data is supplied by a third party and, while efforts are made to ensure its reliability, Trading Economics does not verify the data and makes no representations or warranties.
Actual Previous Highest Lowest Dates Unit Frequency
599.56 598.50 1350.00 212.50 1977 - 2026 USd/BU Daily

News Stream
Wheat Recovers from 16-Week Low
Wheat rose to $6.04 per bushel, recovering modestly from a 16-week low of $5.99 on October 28, after reports that China inquired about purchasing US soft red winter wheat for delivery next year. The inquiry by state-owned trader Cofco suggests recent US-China trade discussions and potential tariff reductions could lead to broader agricultural purchases. Beijing pledged to increase purchases of US farm goods, but progress beyond soybeans has been slow, with no US wheat or corn sales recorded so far this marketing year. Wheat prices have been steadily falling since hitting a 3-1/2-year high of $7.67 on August 28, with global production expected to reach its second-highest level on record and larger harvests in Australia and Argentina adding to availability. Hopes for renewed Russia-Ukraine peace talks have also weighed on prices by raising expectations of improved Black Sea grain trade, although ongoing attacks continue to pose supply risks.
2026-10-29
Wheat Falls to 15-Week Low
Wheat fell below $6.00 a bushel, the lowest level since early July, as US-led diplomatic efforts to end the Russia-Ukraine war raised hopes of a resumption in Black Sea grain trade. Russian President Vladimir Putin signalled readiness to resume trilateral peace negotiations with the US and Ukraine in early November, easing some of the market’s geopolitical risk premium. Also, Russia increased shipments through alternative routes, including Baltic ports. However, Black Sea disruptions persist, with attacks continuing in the region. Ukraine’s agriculture minister forecast an 18% decline in winter-wheat planting as farmers prepare for next year’s harvest. Meanwhile, demand for major exporters remains subdued, with US wheat sales below expectations in the week ended October 15. Increasing harvests in Australia and Argentina are adding to near-term supply. Global wheat production is expected to reach its second-highest level on record, further easing concerns over availability.
2026-10-26
Wheat Hits 15-week Low
Wheat decreased to 620.50 USd/Bu, the lowest since July 2026. Over the past 4 weeks, Wheat lost 9.61%, and in the last 12 months, it increased 18.36%.
2026-10-26